Global investor engagement on meat sourcing
The fast food sector plays a dominant role in feeding our global population – on any given day around 84.8 million adults in the US, nearly one third of the population, consume fast food. This sector continues to expand rapidly across developed and emerging markets. A significant portion of this consumption is linked to food items that wholly or partially involve meat and/or dairy products.
Across three key areas – greenhouse gas emissions, water and land use – animal proteins have a significant environmental footprint. This increasingly creates material reputational, operational and market risks for the companies buying animal protein-based products. Agriculture and land use constitute 24% of global GHG emissions, and meat and dairy supply chains are major contributors and are also among the biggest drivers of tropical deforestation. Their productivity will also be impacted by rising temperatures.
See our briefing on these issues for more information.
For fast food companies buying meat and dairy, these supply chain risks present growing challenges to their supply security, sustainability ambitions, brand and reputation, and financial growth.
The FAIRR Initiative and Ceres are jointly leading a collaborative engagement with six quick-service restaurant brands, asking them to set, and report on, a clear strategy for how they are de-risking their meat and dairy supply chains. The development of strong supplier policies, commitments to science-based targets, and undertaking a climate risk scenario analysis are all advisable.
See a sample of the letters sent to the target companies by FAIRR and Ceres here.
- Domino’s Pizza
- Restaurant Brands International
- Chipotle Mexican Grill
- Wendy’s Co.
- Yum! Brands
To find out more, please contact:
Iman Effendi, Research and Engagement Manager, FAIRR Initiative